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Electricvehicles are changing how we think about cars, including how they are maintained and detailed. If youre considering auto detailing training , understanding the differences between detailing EVs and traditional internal combustion engine (ICE) vehicles will give you an edge in the industry. Lets check them out!
Electricvehicles are changing how we think about cars, including how they are maintained and detailed. If youre considering auto detailing training , understanding the differences between detailing EVs and traditional internal combustion engine (ICE) vehicles will give you an edge in the industry. Lets check them out!
Usedcar prices are rising. For most usedcars, anyway. million usedcars showed the Model S one of four Teslas on the list lost an average of 17.2% million usedcars showed the Model S one of four Teslas on the list lost an average of 17.2% The analysis of the retail prices of 1.4
Similarly, a sudden drop in usedcar prices from post-COVID highs resulted in many vehicles not being repaired. For instance, as vehicles become more complex, the cost of repairing crash parts with all the added sensors and technology might lead to higher total loss ratios as these cars depreciate.
The Q1 2025 Cox Automotive Dealer Sentiment Index (CADSI) reports that the U.S. “Certainly, a theme that continues through all of the findings is that the first quarter is better than a year ago for sure,” noted Cox Automotive Chief Economist Jonathan Smoke. Expectations for the electricvehicle market rose in Q1.
million new-vehicle sales for the year, up 1.2% Battery ElectricVehicles growth is estimated to increase, interest rates are becoming more favorable for consumers and an optimistic economy bodes well. At the same time, without process improvement, the profitability per vehicle (PPV) of the usedcar will continue to evaporate.
We continue our episodes of the Auto Remarketing Podcast originating from UsedCar Week 2024 in Scottsdale, Ariz., with a lively debate about the future of electricvehicles. Listen to the episode in the window below and stay tuned for more from UCW 2024.
The year started off with expectations there might be a return to normal in the used-car market. Industry observers releasing wholesale vehicle price indices last week noted uncertainty and surprises in the market to begin the year. At Black Book, the UsedVehicle Retention Index came in at 146.3 year-over-year.
Pickup trucks and SUVs have long been the dominant vehicles in the U.S. The automotive M&A advisory firms semiannual Market Outlook Report , released this week in conjunction with the NADA Show, said its data shows American consumers have reached peak truck.
As we review the vehicle inventory, carryover, and markdown trends from the Lotlinx Q4 2024 Automotive Market Report , the automotive market has revealed several important insights into the ongoing challenges and opportunities for dealerships and OEMs. The usedvehicle market also saw growth in hybrid and EV sales.
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Usedcar day supply is expected to remain tight and steady.
Its July 9, 2025, and this is The Morning Shift — your daily roundup of the top automotive headlines from around the world, in one place. In this mornings edition, were looking at BYDs solution to autonomys biggest legal hang-up, as well as the ever-climbing cost of usedcars. From Bloomberg : A Rivian Automotive Inc.-backed
As we step into 2025, the automotive retail industry is ready to take its next step in modernizing its operations, where artificial intelligence (AI) and machine learning (ML) are poised to reimagine dealership operations. Usedcar day supply is expected to remain tight and steady.
iSeeCars is seeing something it hasnt seen in more than two years: rising used-car prices. The automotive search engine and research website said its latest study showed the average used-vehicle listing price in March was up 1% from March 2024, the first year-over-year increase since October 2022.
If reliability and value are your customers top priorities for a usedcar, you might want to make sure the Honda Fit is on your lot. The subcompact hatchback, which was discontinued by Honda in 2020, is the most reliable 5- and 10-year-old vehicle for the money, according to the latest research from iSeeCars.
The automotive industry is undergoing a generational transformation with the continued use of electricvehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles.
The automotive industry is undergoing a generational transformation with the continued use of electricvehicles (EVs). As more consumers embrace the benefits of EVs, the usedcar market is also seeing an influx of these eco-friendly vehicles.
Usedcar prices continue to decline as availability increases and new car prices have stabilized in the Canadian automotive market, according to analysis from AutoTrader.
It was March momentum for the retail used-car market. million usedvehicles, which was a 10.9% from February, according to Cox Automotive. million usedvehicles, compared to 4.29 The year began with used-car sales by dealers falling 6.4% In February, used sales were up 4.1%
As in, older cars have become the dominant force driving supply and vehicle values, according to the company’s monthly Industry Insights Report for August. The report, based on data from Car Commerce’s platforms, including Cars.com, Dealer Inspire and AccuTrade, shows used-car inventory up 2.3% from August 2022.
Two of the experts at Experian Automotive — John Howard and Kirsten Von Busch — spent part of their time at UsedCar Week discussing electricvehicles for this episode of the Auto Remarketing Podcast. Howard and Von Busch recapped what the industry has learned about EV retailing and more this year.
The electricvehicle-centric podcast, founded and hosted by Elena Ciccotelli, is collaborating with Experian on “EVs for Everyone with Experian,” a new monthly podcast miniseries that aims to provide candid conversations about the current state and future prospects of the EV market in the U.S.
But while still just a sliver of the overall used-car market, sales of pre-owned electricvehicles are making marked improvements for dealers and other retailers. share of total used-car sales, the Q2 used EV sales tally was. share of total used-car sales, the Q2 used EV sales tally was.
Inventory levels stabilizing According to recent data, total vehicle inventory stood at 2.79 While part of this influx is due to the arrival of 2025 models, buyers are approaching the market with more caution and are considering usedcars as opposed to new. has been slower than expected over the last 12 months.
Cox Automotive is rolling out its usedcar industry solution that will measure the EV battery health for each specific VIN across Manheim. In addition, the company is expanding LotVision’s capabilities of reporting battery health for each unique vehicle. Visit coxautoinc.com.
Inventory Levels Stabilizing According to recent data, total vehicle inventory stood at 2.79 While part of this influx is due to the arrival of 2025 models, buyers are approaching the market with more caution and are considering usedcars as opposed to new. has been slower than expected over the last 12 months.
In the wake of the global pandemic, the automotive industry has been riding through a storm of unprecedented challenges and transformations. As the world gradually emerges from the shadows of COVID-19, a significant shift in the car retail landscape is becoming increasingly apparent, particularly in the electricvehicle sector.
Usedelectricvehicles are seeing their prices erode, both on a retail and wholesale basis. And not only did average retail prices of used EVs fall nearly 30% last month, but these vehicles have also become increasingly cheaper than used internal-combustion-engine vehicles.
1 electricvehicle choice among Carvana’s customers in 2023. The Model 3 continued its dominance over the sector in the online used-car retailer’s annual list of its 10 best-selling EVs. The Model 3 is by far the top-selling used EV in the nation, according to data from iSeeCars. The Tesla Model 3 was the No.
Not too long ago, vehicle leases were on the decline. So much so that it was affecting the usedcar market. Now, thanks to EVs, leases are making a big comeback. And thanks to tax credits, German luxury EVs are being leased now more than ever. Read more.
After years of being overshadowed by emerging electricvehicles from Tesla and other brands, the hybrid — a gasoline vehicle that has both an internal combustion engine and an electric motor — is enjoying a resurgence in 2024. Additionally, a rise in used EV sales continues to make headlines.
Considering the shambolic state of the American economy, inflation, and rampant wage stagnation, I love finding stories about affordable cars and prices dropping. million one-to-five-year-old usedcars listed for sale online between August 2023… Read more.
The transition to electricvehicles is currently generating millions of pixels. The once seemingly smooth path to an all-electric future is now strewn with some unexpected potholes, but one vehicle type in the current mix deserves some added attention. Weighted averages demonstrate the steep declines.
I was listening to a panel discussion with some very esteemed automotive economists recently, and in discussing the prospects of electricvehicle sales growth in the United States, a shocking, though true, fact was agreed to by all. automotive retailers. A long time ago, an automotive retailer sold vehicles.
The Q4 2024 Cox Automotive Dealer Sentiment Index (CADSI) reveals renewed optimism among U.S. “The recent resolution of political uncertainty following the presidential election has cleared the path for a more optimistic outlook on future auto market conditions,” said Jonathan Smoke , chief economist at Cox Automotive.
The Cox Automotive Dealer Sentiment Index (CADSI) shows that current market sentiment improved slightly in the first quarter compared to the fourth quarter of 2023, increasing from 40 to 42, but remains well below the 50 threshold, indicating most dealers see the current market as weak. “The vehicle market in the U.S.
The latest Cox Automotive Dealer Sentiment Index (CADSI) remained stable from Q1 to Q2 2024 despite dealer uncertainty in the market and economy. Cox Automotive Chief Economist Jonathan Smoke noted, “There is a lot of uncertainty in this market, leaving consumers and dealers alike unsure of the road ahead. Visit coxautoinc.com.
After a difficult sales environment in 2022, the automotive industry has experienced a noticeable recovery in 2023. These types of issues may make consumers think twice before investing in new and usedvehicle models when car shopping.
In the face of uncertainty in the automotive market, the American economy in general and the nation’s political future, the outlook of car dealers remains remarkably steady, according to the latest Cox Automotive Dealer Sentiment Index. Of course, that’s not necessarily a good thing.
The new company, British American Auto Care specialized in the repair of British and American cars and became the anchor repair shop in the first Auto Park on the East Coast. Technicians are all ASE certified, and they also receive specialized training on the newest hybrid and electricvehicles.
Theres a significant price gap between internal combustion engine vehicles and battery electricvehicles, creating a major barrier to widespread EV adoption in the country, said the leader of the Global Automakers of Canada. Meanwhile, the average usedcar price has essentially doubled to $36,000 over the same period.
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